Moglix on building India’s catalogue

Post author:Yash A
Post published:July 17, 2021
Post category:Digital Marketing Latest Trends 2021
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Reading time:7 mins read

Good morning,

“India operated pretty much without catalogues pre-Moglix. I would take the liberty of saying that Moglix is the catalogue for India, says Moglix Founder and CEO Rahul Garg.

In May, Moglix entered the much coveted Indian unicorn club at a valuation of $1 billion after raising a Series E funding round of $120 million, led by Falcon Edge Capital and Harvard Management Company (HMC).

Launched in 2015, the Singapore-based B2B ecommerce platform for manufacturing goods. With close to 5,00,00 stock-keeping units (SKUs) on the platform and over 28 warehouses, the startup claims to be the largest ecommerce platform of industrial goods in India.

In a recent conversation with YourStory, Rahul shared his journey to becoming a unicorn, building a B2B ecommerce business in the fragmented manufacturing sector, and nurturing the internal company culture at Moglix as a single founder. Read more.

Editor’s Pick: 9Unicorns — a ‘founder-first investment firm’

Dr Apoorva Ranjan Sharma, who founded incubator Venture Catalysts in 2016 to support and mentor idea-stage startups, decided to launch investment firm 9Unicorns in 2019.

With Rs 500 crore in total disbursement, the firm has so far invested Rs 100 crore in over 60 startups. A good chunk of the investments is made in startups beyond metro cities as Apoorva feels “startups from Tier II, III, and IV cities have sustainable business models and innovative ideas”. Read more.

Dr Apoorva Ranjan Sharma (right, sitting) with his 9Unicorns team

Startup Spotlight

Jaipur startup Mittihub pushing innovation in terracotta craft

Abhinav Agarwal from Jaipur, Rajasthan, was doing his undergraduate studies in entrepreneurship from the city’s Global Centre for Entrepreneurship and Commerce when he realised that entrepreneurship does not lie between the pages of a book alone.

Even before completing their graduation, Abhinav along with his friend Megha Joshi, launched Mittihub, a startup to revive the dying art form of terracotta pottery. Read more.